Member Info for ivorgriffiths

The shares will tank to 5-10. If we’re lucky. Now we know why they were pumping and dumping. Serious fraud by insider traders ripping off private investors who bought in this week. What will happen to these crooks? Nothing.

A fair valuation of the company would be 750 million to a billion. Should get up to 300 in 18 months or so.

A debt for equity solution would have to be notified by RNS immediately.

Private loans, private credit, legacy payments, sales not necessarily and not necessarily immediately. No news is good news in that case.

They can include technically non inside information at the same time as the financials to soften the blow and shaft the short positions and boost the share price. I am gambling on this occurring. Even a sniff of Apollo involvement will crush the short positions.

2,500,000 traded by 10:00am 31 breached. Positive RNS = 100. Still think Apollo could either make an offer or make significant buys to shaft the short positions. 150 then.

There is no mileage in a d4e more likely they will ise private credit/loans from an outfit like Apollo. Possibly as a precursor to a sale.

They got the price up by nearly 15% by pumping automatic buys in waves of varying values up to £10k and now they are dumping and the price is falling. A holding company with many subs will buy as a concert party and then dump the lowest priced shares they have. Pump and dump.

Another pump and dump.

I think those two contracts mentioned in Meed will be confirmed in an RNS that sets out the balance sheet solution along with year end results. There are quite a few automated buys pushing up the price today. There will be a short squeeze when the RNS drops. A 100 spike is possible and I hope I have the bottle to wait for that before I get the f%#k out of Dodge!

750,000 sell has not impacted that much either.

The market seems to value Petrofac at around 24/25 with no news, crap cashflow and loss making. Short positions have reduced slightly. The gamble is that the news resolves the cashflow and profitability issues. Then we see 100. Until then 24/25. Like waiting for a bus at midnight.

The idea that bankers are helping short traders in the pub on a Friday night is so unintelligent. Every banker I have known would rather lose a little finger than blab. Like lawyers who blab bankers are finished if they do that. Petrofac is small fry and no banker is helping anyone at all. Only a few tightlipped people know anything at all. If those with short positions knew anything at all they would either massively increase their short position or bail out. What a really stupid suggestion to make. Bankers live or die by keeping their mouths shut. Moron.

Meed costs $3600 upfront to subscribe. They have reported two new contracts in the last seven days - big ones - for Petrofac. When the RNS drops, as it will, this month, along withe non D4E balance sheet solution, 100 in one day.

Silly petition about banning short selling. Picking an undervalued over shorted stock that won’t collapse to zero is a sure fire way to make money. The cretins and fools shorting this stock are lemmings rushing towards a cliff. The planks and morons chasing them ate going to get wiped out. Good, thanks for pushing the price to the floor! The only way is up now. Even rumours of good news have it climbing 15%. When the balance sheet solution is revealed that could easily be 150%. Of course DYOR, and don’t bet your shirt or the ranch unless you have spares.

If short sellers had inside information they would either be increasing their position or reducing it, very quickly. Even the BOD may not know what is going to happen.

It’s $300 a month to subscribe payable yearly in advance I would be very surprised if they have made a mistake. They are talking about drilling not refining. It may be just a handshake and no LOI yet so Petrofac cannot report it yet.

No that is a downstream project: refining. The article is about an upstream project: drilling.

It's old news from June last year

https://www.nsenergybusiness.com/news/petrofac-signs-1-5bn-epc-contract-algerian-petrochemical-complex/#:~:text=Petrofac%20has%20signed%20a%20%241.5,%26%20Engineering%20Corporation%20(HQC).

Upstream is drilling so it could be a scoop that has caught Petrofac flat footed. No other reports either. Up to 28 already 8:07 so could be genuine.

I now firmly believe there will be a short squeeze soon. This could be following a takeover approach which solves the balance sheet issue or a BOD derived solution to the balance sheet that does not involve D4E. Petrofac and Wood group should of course merge. There is significant value in both businesses, they are non-Tech high barrier to entry businesses. They are long term infrastructure businesses that are both undervalued and will provide a longterm return. I think if Apollo had acquired Wood Petrofac would be next.

There is no way they are diluting the shares. This share will hit 100 in May.

A positive RNS combining better year end figures than expected, balance sheet solutions and a new contract on Tuesday or possibly when the kids are back at school would see this hit 150 and stay there. Just dreaming I guess but we deserve it for hanging in there.

If we can gain 15% next week should hit 30 going into April then when the balance sheet issue is solved 60-100 by end of April.